Builders FirstSource (BLDR) to Release Earnings on Tuesday

Builders FirstSource (NYSE:BLDR) is scheduled to be releasing its earnings data before the market opens on Tuesday, August 6th. Analysts expect Builders FirstSource to post earnings of $3.16 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.83 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. Builders FirstSource’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $2.96 EPS. On average, analysts expect Builders FirstSource to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Builders FirstSource Stock Down 4.6 %

Builders FirstSource stock opened at $152.15 on Monday. The company has a market capitalization of $18.57 billion, a P/E ratio of 13.03, a P/E/G ratio of 2.57 and a beta of 2.04. The firm’s fifty day simple moving average is $150.23 and its 200-day simple moving average is $173.73. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. Builders FirstSource has a 1-year low of $105.24 and a 1-year high of $214.70.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wedbush dropped their target price on shares of Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Bank of America downgraded shares of Builders FirstSource from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $183.00 to $180.00 in a report on Friday. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Barclays dropped their target price on shares of Builders FirstSource from $200.00 to $188.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Finally, Robert W. Baird dropped their target price on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.57.

Insiders Place Their Bets

In other news, insider Michael Hiller sold 4,875 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the sale, the insider now directly owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Michael Hiller sold 4,875 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the sale, the insider now directly owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the sale, the insider now directly owns 22,667 shares in the company, valued at $3,855,883.37. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.